Welcome To Oxton Law

Specializing in international and domestic maritime transactions and related corporate and regulatory matters under U.S., Liberian, Marshall Islands and Vanuatu law.

ACCOLADES

"Market commentators are quick to praise Glen Oxton of Oxton Law, New York, as "a very capable guy," with one stating: "I would have no hesitation relying on him for advice regarding Liberian shipping matters." His wide-ranging experience includes vessel financing and large fleet transactions." Chambers and Partners, 2018.

The US gross freight tax is levied upon each non-US taxpayer that has income from the transportation of passengers or cargo by ship to or from the US. The effective rate of the tax is 2% of the gross revenue. The tax applies to the owner and all charterers. Most shipping companies are exempt from the tax under Section 883 which is based on an equivalent reciprocal exemption by the shipping company’s tax jurisdiction. In some cases, a treaty exemption is available, but eligibility under treaties is more restrictive. Under both methods, the benefit of the exemption is available only if the ultimate shareholders of the shipping company sign ownership statements and the company files a US tax return.